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Barchart
Barchart
Jim Wyckoff

Global Weather Concerns and China Demand Are Spiking Corn, Soybean, and Wheat Prices

USDA China United States Europe

December corn (ZCZ26) futures on Friday rose 9 cents to $4.61 and for the week were up 19 1/2 cents. November soybeans (ZSX26) on Friday rose 9 1/4 cents to $11.90 3/4 and for the week gained 43 cents. September soft red winter (SRW) (ZWU26) wheat futures rallied 20 1/2 cents to $6.40 1/4, hit a six-week high, and for the week were up 40 1/2 cents. September hard red winter (HRW) wheat (KEU26) futures rose 22 cents to $6.76 1/4, also hit a six-week high, and for the week gained 37 3/4 cents.

Corn Bulls Gain Confidence as U.S. Midwest Weather Turns Hotter, Drier

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